Goldman Sachs AM to Leverage BNY Mellon’s Buy-Side Trading Solution

BNY Mellon is set to offer its buy-side trading solution to Goldman Sachs Asset Management as the firm continues to expand the reach of its outsourced trading offering across the market. The new buy-side trading relationship specifically concerns a division of Goldman Sachs Asset Management’s EMEA business according to a story in The Trade news. As part of the agreement, BNY Mellon is delivering global trade execution services in EMEA, the US and APAC markets across fixed income, FX, derivatives, and ETFs.  BNY Mellon’s buy-side trading solutions business was launched last year, providing a flexible solution. As the firm explained, “outsourced trading does not have to be a one-sized fits all approach, it can be customized to meet your needs”.  Currently, the offering includes a ‘partial outsourcing’ offering wherein a supplemental service is offered, as well as ‘full outsourcing’ where the firm assumes the responsibilities of the trading desk. It supports institutional clients with global multi-asset trade execution services across over 100 countries.